Same here, I import a clip that is 120fps, but while importing it, it comes up with a notification saying that my project is @ 60fps, and is reccomended using footage at the same frame rate as the project. And in the Power director settings, 60fps is the highest you can choose. It does however let me edit the footage, and render it, But I just have no idea what effect it has, using 120fps footage in a 60fps project.

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